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A comment on Ex-Twitter exec blows the whistle, alleging reckless cybersecurity policies. Parent comment

Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by jdhn on Tuesday August 23, 2022 @10:06AM (#32565106)
>What might the SEC and shareholders do in response?

If shareholders believe this, they can do a variety of things such as sell the stock (smaller holders), or demand answers from leadership that go beyond "Yeah, we're secure" (bigger holders such as Saudi Arabia).

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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by mrex on Tuesday August 23, 2022 @10:11AM (#32565190)
Some options that shareholders would have in the situation where investors were knowingly deceived by false disclosures of a publicly traded company are missing from this response.
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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by cj on Tuesday August 23, 2022 @10:54AM (#32565800)
Namely, the ability for shareholders to sue Twitter.
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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by sroussey on Tuesday August 23, 2022 @11:35AM (#32566452)
Their disclosures are similar to this: we check for bots, use a process, the process could be wrong.
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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by mrex on Tuesday August 23, 2022 @11:49AM (#32566697)
Mudge alleges that their disclosures were a less than good faith attempt to gauge the figure.

Mudge also raises a number of allegations not pertaining to bots, including that Twitter has deliberately failed to abide by the terms of a federal consent decree. If proven out, that fact alone would constitute material adverse affect.

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